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(Bloomberg) — US President Donald Trump said he would dictate tariff levels for US trading partners looking to avoid higher duties, appearing to move away from the idea that he would engage in back-and-forth negotiations.
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“We’re going to put very fair numbers down, and we’re going to say, here’s — what this country, what we want. And congratulations, we have a deal. And they’ll either say ‘great,’ and they’ll start shopping, or they’ll say, not good,’” Trump said Tuesday at the White House as he met with Canadian Prime Minister Mark Carney.
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“It’s going to be a very fair number, it’ll be a low number. We’re not looking to hurt countries,” he added.
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Trump’s comments come as US trading partners rush to secure deals with the administration to avoid higher levies he has threatened. The US president said Sunday the first deals could come as soon as this week. But the president’s latest comments indicate he could continue to change his approach.
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Financial markets had eagerly anticipated the first announcements to ease worries about the impact the US president’s trade policies threaten to have on the global economy. Trump said he was tired of questions about when deals would be struck.
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“We don’t have to sign deals. We could sign 25 deals right now if we wanted,” Trump said.
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Trump on Sunday did not specify which nations might be among the first to reach agreements. Officials have said that Asian nations such as India, Japan and South Korea could be in the first wave of deals.
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“We will sign some deals. But much bigger than that is we’re going to put down the price that people are going to have to pay to shop in the United States,” Trump said Tuesday.
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He added that he would consult with Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, Vice President JD Vance and Secretary of State Marco Rubio on his decision.
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The president also teased what he said would be a “great announcement over the next few days,” before he leaves on a trip to the Middle East, but said that it would not “necessarily” be trade related.
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With Carney, Trump indicated that he would strike a friendlier relationship than the one he had with former Canadian Prime Minister Justin Trudeau, who the US president said he “didn’t like.” Trump indicated he would pursue just “subtle changes” to the US-Mexico-Canada trade agreement negotiated during his first term and that their talks would be “very friendly.”
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“This is a bigger discussion,” Trump continued. “There are much bigger forces involved and this will take some time and some discussions, and that’s why we’re here to have those discussions.”
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At the same time, Trump said there was no way he would lift tariffs on Canada and reiterated that he did not believe the US needed Canadian products.
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“There’s no reason for us to be subsidizing Canada,” Trump said. “Canada’s a place that will have to be able to take care of itself economically. I assume they can.”
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